THETA is currently ranked 22nd on CoinGecko. Will the recent blockchain development, improvements, and adjustments, however, allow the bitcoin price to rise?
An Ascending Channel pattern can be seen on the daily time frame chart. In addition, the chart shows that this price pattern has greater highs and lower lows. This pattern also indicates a short-term bullish trend. THETA shifted from a bearish to a bullish trend at the start of this month. This is due to the huge amount of transactions that occur during that time.
THETA’s Relative Strength Index (RSI) is 62.4, indicating that it is nearing overbought. This may, however, be followed by a price reversal at any time.
As a result, cryptocurrency traders must trade with caution and avoid being swayed by a market frenzy. Given this, traders should proceed with caution to avoid incurring unanticipated losses as an effect of the crypto market’s huge and rapid swings.
2021 Price Prediction
THETA’s price has undergone several bullish swings that are greater than the previous one since the beginning of 2021. More importantly, volatility and corrections occur very immediately afterward. Taking this into account, THETA will face stiff competition in 2021.
According to the THETA price forecast, THETA might bring the THETA price to a bullish condition in 2021. Furthermore, THETA must break the prior Fib retracement level at $13.262 in the short-to-medium term scenario for our 2021 THETA price prediction. It must first build further support at the Fib level of $10.124 in order to do so. Bears may gain the upper hand and drive Theta into their territory if this does not happen.
2022 Price Prediction
THETA will hit $20 by the end of 2022 if the positive trend continues. Furthermore, the first half of 2022 will see a rapid increase, reaching $25. Then the ascent will moderate, but there will be no severe declines. With impending partnerships and developments, hitting $20 is a bit of a stretch in terms of price, but it’s certainly doable in the near future. This means that THETA has a good chance of achieving a new ATH in the near future.
THETA’s price can soar to incredible heights, exceeding $35 in some cases. Furthermore, this is only viable if the market’s bullish signal is maintained. Furthermore, only if the coin THETA overcomes psychological obstacles.
The platform’s price rises as a result of recent upgrades, developments, THETA price predictions, and new project forecasts. Furthermore, this might increase the price of THETA in the crypto market, making it a good investment because the price could rise to around $50.
2021- 2025 Price prediction
THETA costs could soar to $100 in the next four years. However, THETA may not have a tough time hitting this level if additional medium, short-term, and long-term price targets for purchase or sell orders can be established.
In 2021, THETA has a bright future ahead of it. With the current advances in the THETA ecosystem, as well as the wider crypto market, it is feasible to see THETA reaching new heights. THETA’s positive price forecast is $13.26.
Meanwhile, we have an optimistic long-term THETA price projection for 2021. From 2021 to 2024, it has a good chance of reaching its current all-time high (ATH) of $15.9. That will only happen if it overcomes a large number of previous psychological barriers.
Also, if investors determine that THETA, along with popular cryptocurrencies like Bitcoin and Ethereum, is a good investment in 2021.
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